Form 4: D-Wave Quantum General Counsel Reports Routine Stock Transaction for Tax Withholding

D-Wave Quantum Inc.'s General Counsel, Diane Nguyen, reported a disposition of 2,501 shares of common stock valued at $15.71 per share to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Diane Nguyen, General Counsel of D-Wave Quantum Inc. (QBTS), reported a transaction on June 20, 2025.
• The transaction involved the disposition of 2,501 shares of D-Wave Quantum Common Stock.
• The shares were withheld by the Issuer to satisfy tax withholding requirements associated with the vesting of restricted stock units.
• The price per share for the withheld stock was $15.71.
• Following this transaction, Diane Nguyen beneficially owns 592,029 shares of Common Stock, which includes 294,699 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction for tax withholding purposes, which is neutral in sentiment. It does not indicate positive or negative operational or financial performance.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction, specifically related to tax withholding upon the vesting of restricted stock units. Such transactions are common for executives receiving equity compensation and do not typically reflect a change in strategic direction or operational performance. It provides transparency into executive compensation and ownership, which is standard practice across publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive equity compensation and ownership, but the transaction itself is a routine administrative event with minimal direct impact on share value or company operations.
• Employees: No direct impact beyond the reporting person.

Key Dates

Keywords

D-Wave Quantum, QBTS, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, Diane Nguyen, General Counsel